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zoom22

08/26/14 8:55 AM

#17135 RE: mikeymac #17134

I remember that period of time. What a debacle with the old team. I am pleased the company came back from the ashes with Sam's leadership. I'm getting older and this safe, 'private' public company doesn't do much for its shareholders to know what its doing. I really dislike that a lot. It's a quarter by quarter update. Fortunately, the news, when they give some, continues to be good and the money invested, which is substantial over the years, seems pretty secure. MY time window has already been over a decade and so I'm prepared, and hoping to see a TALL ship come in over the next year, like $5-8.00+, but my dock is good for now and I will keep the mantra or else the shares will go to grandkids.

stocksnseeds

08/26/14 9:18 AM

#17136 RE: mikeymac #17134

that's a really good point for not only the investor but management as well. Sam's relatively young, in his early 40s. He probably carries a more longer-term outlook, which would be ideal for investors with long-term investing horizons (say 5-10 years).

Older investors may walk away or not get involved because of the time horizon and the food sector is usually a boring one historically. There may not be enough younger investors willing to get in to drive share price higher. I am what you call a millenial, and most friends my age who invest are more traders. They hold equities but not for years and years at a stretch. Of course, I am probably the exception, not the rule. They seem to seek models of instant gratification (trading, job turnover, etc). Buy and hold (a la Buffet) isn't an investment adage by which to live anymore in that group. Maybe it's recession-related. hard to know for sure.

But, your point is taken, and it's a really good one. Many businesses and industries are trying to figure out these millenials....what makes them tick. They're quirky, at best.

cheers